Flying Flowers' shares dive again
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.FLYING FLOWERS, the mail order florist, wilted further yesterday after the company confirmed that its profits would be substantially lower than last year.
The shares, which stood at 592.5p in June, lost a third of their value to close at 148p after the company said full-year profits would be "not less than pounds 5m".
This compares to pounds 6.25m last year. The group will cut the off-the-page advertising for its troubled Gardening Direct operation by a third from this year's figure of pounds 3m. It will focus on its database of customers instead.
Flying Flowers will give a detailed statement to shareholders with its interim results on 2 September. Nigel Smith has resigned as managing director of the company's DPA subsidiary.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments